3 minutes ago, Boogyman said:

You would think the guy raising concerns about money going to Ukraine would know how much we have sent, right? Since it's such an important topic to him?

So I can only be concerned if I know the exact number?

Is that the stupid argument you want to make right now?  This is dumb even for a boogerman attention whooring post

8 minutes ago, Mike31mt said:

So I can only be concerned if I know the exact number?

Is that the stupid argument you want to make right now?  This is dumb even for a boogerman attention whooring post

Trump racked up 8T in debt.  Stop pretending like you care.

Just now, VanHammersly said:

Trump racked up 8T in debt.  Stop pretending like you care.

Its weird how you only want to talk about Trump in the Biden thread

Covid pretty much sank his ship when it came to the deficit, and ultimately reelection

Can we talk about Biden now?

So who is happy about this besides HE?

Lots of left leaning posters are arguing with right leaning posters but it seems like it's just arguing to argue with them because you all don't like Bidens decision on the student loans

1 hour ago, vikas83 said:

Facts matter

 

Indeed, they do, but the statement was that "...the federal government is the only person in the student loan business." My reaction was based on the fact that there are still a lot of private lenders that provide student loans. I have still have some student debt, but there is no relief coming from the federal government for me, because these loans were disbursed directly from Key Bank. Are you saying this kind of thing does not exist anymore? Ironically, the interest rate is amazing on my private loan, usually hovering between like 2.75-3.5%. I paid off the federal loans first because they were charging me like 8-9% interest. Go figure...

1 hour ago, VanHammersly said:

You're right, not no one.  The millions that are getting debt relief care and in large part, their votes will reflect that.

This is what they will say that it was because of the student loan bailout, but the Republicans already handed over most of those votes to the Democrat's overturning Roe v Wade

2 minutes ago, downundermike said:

This is what they will say that it was because of the student loan bailout, but the Republicans already handed over most of those votes to the Democrat's overturning Roe v Wade

Really?

Prove it.  Nothing has indicated that at all.

21 minutes ago, Mike31mt said:

Didnt I explain why I changed the post?  

I know congress has sent close to $100B, if not more.  I conflated that with the number coming just from Biden. 

 

1 minute ago, Mike31mt said:

Really?

Prove it.  Nothing has indicated that at all.

 

3 minutes ago, Mike31mt said:

Its weird how you only want to talk about Trump in the Biden thread

Covid pretty much sank his ship when it came to the deficit, and ultimately reelection

Can we talk about Biden now?

Uh, no.  Trump's deficit was at historic levels way before the pandemic.  Dude didn't give a single sheet about it and the Republicans thought it was NBD.

And that's exactly where the Republicans will be the next time one's in charge.  Which is why no one takes you losers seriously anymore when you cry about spending.

21 minutes ago, EaglesRocker97 said:

 

Indeed, they do, but the statement was that "...the federal government is the only person in the student loan business." My reaction was based on the fact that there are still a lot of private lenders that provide student loans. I have still have some student debt, but there is no relief coming from the federal government for me, because these loans were disbursed directly from Key Bank. Are you saying this kind of thing does not exist anymore? Ironically, the interest rate is amazing on my private loan, usually hovering between like 2.75-3.5%. I paid off the federal loans first because they were charging me like 8-9% interest. Go figure...

They all went away ~2010. All new loans are from the government. The banks now just act as servicers. That's why federal loans are now ~93% -- the 7% are just older loans.

Even if you get a loan from a bank, it's actually the Federal government.

https://www.sfgate.com/business/networth/article/Feds-take-over-student-loan-program-from-banks-3193888.php

Quote

 

President Obama will sign a bill today that ends a 45-year-old program under which banks and other private-sector lenders such as Sallie Mae receive a federal subsidy for making government-guaranteed college loans.

Instead, the U.S. Department of Education - which already makes roughly a third of these loans through its direct-lending program - will make 100 percent of them starting July 1.

 

 

24 minutes ago, Mike31mt said:

So I can only be concerned if I know the exact number?

Is that the stupid argument you want to make right now?  This is dumb even for a boogerman attention whooring post

I didn't say "the exact number", RetardMike. 

29 minutes ago, Boogyman said:

I probably wouldn't help you if you were on fire, why would I do research for you? With that great WV public education you received it shouldn't take more than 10 minutes on Google to get an estimate.

 

 

You obviously have absolutely no clue how much we have sent. Keep being "concerned" about a cost that you literally can't figure out on your own though.

15 minutes ago, Mike030270 said:

So who is happy about this besides HE?

Lots of left leaning posters are arguing with right leaning posters but it seems like it's just arguing to argue with them because you all don't like Bidens decision on the student loans

Most of CVON is against it from what I can see, regardless of party affiliation.

18 minutes ago, Mike31mt said:

Covid pretty much sank his ship when it came to the deficit, and ultimately reelection

I just want to rag on this post one more time, because I love the idea that Trump was about to start tackling the deficit in the last 8 months of his term, leading up to the election.  Was he going to do it before or after he released his healthcare plan?  Maybe he could've taken care of it during Infrastructure week?  It's truly a shame that Covid derailed Trump's carefully laid plans to pass the greatest healthcare bill in history, while slashing spending and investing in Infrastructure in the summer before his election.  Damn you, Covid!

8 minutes ago, vikas83 said:

They all went away ~2010. All new loans are from the government. The banks now just act as servicers. That's why federal loans are now ~93% -- the 7% are just older loans.

Even if you get a loan from a bank, it's actual the Federal government.

 

That's pretty crazy. Don't you usually cut out the middle man to save money?

Just now, EaglesRocker97 said:

 

That's pretty crazy. Don't you usually cut out the middle man to save money?

They mainly do, but the government is pretty friggin incompetent and needs someone to service them. The old program just guaranteed the loans, and lenders used their own capital and made good profits on risk free loans (keep interest, pay small fee to gov't for the gtee, put any bad loan back to the gov't). So what Obama did saved the government money, but it completely took private lenders out of the market. And that has been a disaster.

The right move is to get the federal government out of the student loan business -- making them or guaranteeing them. Make private lenders take risk based on forecasts of the ability for borrowers to repay the loans. Lending standards would tighten massively, demand would drop and college tuition prices would plummet.

27 minutes ago, we_gotta_believe said:

 

 

I literally asked a question.  Are you a moron?

Usually when you ask a question you dont know the answer

26 minutes ago, VanHammersly said:

Uh, no.  Trump's deficit was at historic levels way before the pandemic.  Dude didn't give a single sheet about it and the Republicans thought it was NBD.

And that's exactly where the Republicans will be the next time one's in charge.  Which is why no one takes you losers seriously anymore when you cry about spending.

No it wasn't, it was basically right on the trend line of the previous administration

Obviously far short of his campaign promise to eliminate it (see how I can admit that, TDSers?) but covid destroyed him

15 minutes ago, VanHammersly said:

I just want to rag on this post one more time, because I love the idea that Trump was about to start tackling the deficit in the last 8 months of his term, leading up to the election.  Was he going to do it before or after he released his healthcare plan?  Maybe he could've taken care of it during Infrastructure week?  It's truly a shame that Covid derailed Trump's carefully laid plans to pass the greatest healthcare bill in history, while slashing spending and investing in Infrastructure in the summer before his election.  Damn you, Covid!

Um ok great effort

Doesnt change the fact that the only reason Biden occupies the WH is because the DNC and their media arm scared the ish out of you and destroyed our economy bc of covid

That's the national debt, not the deficit. The deficit increased every year under Trump from the end of the Obama administration.

15 minutes ago, EaglesRocker97 said:

 

That's pretty crazy. Don't you usually cut out the middle man to save money?

Im sure all the CVON moderates will jump on eagles rocker here for making an untrue statement and now "asking questions"

2 minutes ago, Mike31mt said:

Im sure all the CVON moderates will jump on eagles rocker here for making an untrue statement and now "asking questions"

 

1 minute ago, vikas83 said:

That's the national debt, not the deficit. The deficit increased every year under Trump from the end of the Obama administration.

Yes that is correct, my mistake

Still, look at the clear and obvious increase due to covid.  The debt level was on par with previous administrations.  To say it was at "historic levels prior to covid" is a disingenuous

Just now, EaglesRocker97 said:

 

WGB and boogerman will be along soon to attack you for making an incorrect statement and then asking a question

11 minutes ago, Mike31mt said:

I literally asked a question.  Are you a moron?

 

Totally right, these are very much questions despite the lack of the proper punctuation and syntax.

Quote

Ukraine alone has to be nearing a trillion

 

Quote

Usually when you ask a question you dont know the answer

Quote

I know congress has sent close to $100B, if not more.

 

2 minutes ago, Mike31mt said:

WGB and boogerman will be along soon to attack you for making an incorrect statement and then asking a question

 

I asked a question from the beginning, so...